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Debt limit bill in hand, McCarthy eyes vote next week

The measure would also cap spending for the remainder of the decade, allowing for 1 percent annual growth; appropriations wouldn’t return to the $1.6 trillion fiscal 2023 enacted level for a decade under

McCarthy blasts Biden, Democrats over debt limit

wish the current, extreme Joe Biden would listen to the former Joe Biden too." ’Stop the partisan ways’ McCarthy said he’s not heard from the White House on the debt limit since he and Biden met on Feb. 1.

GOP debt limit plans begin to take shape in House

lift the debt limit through May 2024 and set a cap on discretionary spending for at least fiscal 2024 and potentially limit appropriations growth over the next decade to somewhere in the ballpark of 1

Podcasts · 118th Congress

GOP’s budget attack - Roll Call

Senate appropriators say ’yes we can’’Watershed’ $1 trillion defense budget on the horizonWhite House blueprint would raise taxes, boost spending

White House blueprint would raise taxes, boost spending

The plan calls for imposing a 25 percent minimum tax on the wealthiest 0.01 percent of households, quadrupling a 1 percent surcharge on corporate stock buybacks, restoring the top marginal income tax rate

Congress · 118th Congress

CBO: Debt limit to hit as soon as July, budget picture worsens

That compares to already slowing growth in 2022, when the economy expanded by an inflation-adjusted 1 percent, down sharply from the previous year coming out of the pandemic-induced downturn.

Policy · 118th Congress

Biden mixes doable, aspirational health messages in speech

“There are millions of other Americans who are not on Medicare, including 200,000 young people with Type 1 diabetes who need insulin to stay alive,” Biden said to applause from Democrats and a few

Opinion · 118th Congress

Is Joe Biden out of touch, or is he just cynical?

Both The Washington Post (Jan. 27-Feb. 1) and CBS (Feb. 1-4) have new surveys out with data that clashes with Biden’s rosy view of the state of the union. 

Congress · 118th Congress

McCarthy, House Republicans reframe debt limit strategy

Dodaro, U.S. comptroller general, estimated during a House Oversight and Accountability Committee hearing Feb. 1. Niels Lesniewski, Aidan Quigley, David Lerman and Paul M.